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Advisory/Merchant bank hybrid focused on sports, media, and entertainment. Started their formal recruiting program last year. They recruit at Columbia, Penn, and Indiana I think. Take 2-3 analysts. Offices in NY, LA, and Beijing.
Thanks. I hear it's a very reputable shop. I'm surprised there' such a lack of info on it out there. I would love to hear from more people that know anything about it.
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Does anyone have anything they can add on the Raine Group?
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I really need more info on these guys. Anyone?
Founded by former head of media banking at UBS and some other partners from GS.
They tend to retain analysts and promote them to associates. Kids who get in are usually very keen on staying in banking and have turned down GS/MS offers to stay there.
Nicest office I've seen.
Thanks. If you don't mind my asking, were you in the office for an interview? And I'm assuming you're talking about their NY office.
I was in their office a few times, but not for an interview. And yes, for the NYC office.
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If anyone has anymore information that would be great.
Curious as well. Based on their description, they kind of remind me of Allen & Co....
Based on my impression, they might be just as prestigious, but I could be wrong, since it's so hard to find anything on them.
That's highly doubtful given that Allen & Co. has a 100+year history, while the Raine group was found...2 years ago.
Given that they're relatively young, looks like they did a lot of hiring at the senior level and raised a lot of money for their first fund. Did some search and got a glimpse of their office - http://www.acc-construction.com/projects/corporate/the-raine-group/ Very nice indeed. I'm not too sure how great UBS's media group was, but that should give you a general sense of their deal flow and relative "prestige".
Nonetheless, seems like a pretty sweet place to work at. Do you have an interview with them?
Nice find! They are recruiting at my school
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have heard they work a lot (100 hours a week or so) but they pay slightly above the street in base. also heard the culture is great and you can watch espn all day during work
Know an Associate there. A lot of UBS alumni. Great deals in super-interesting industries. Part-owned by Abu Dhabi.
Any other information?
Here's their website: http://raine.com/
I met with the founder (family friend) and an associate there. Solid place - you would learn a ton. Cool fact: Ari (you know the Ari that Ari from Entourage is based on) owns a part of the company.
And, they pay very very well.
Any hard numbers for 1st year analyst comp? (salary & bonus?)
what is considered very very well? lol
they are very legit in media/entertainment/sports
joe ravitch used to be a BSD at goldman...co-head of media banking. he's probably the most influential banker in sports.
they also have a principal investing fund with backing from some pretty influential names in media.
http://dealbook.nytimes.com/2015/02/06/chef-jamie-oliver-said-to-hire-b…
Read this and was now curious if anyone had updates about this firm? Sounds like they do interesting work and have quality junior bankers (based purely on academic and some work-background).
any info on first year compensation? (salary + bonus)
does anyone have any insight in their superday interviews?
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Has anyone (that is not part of their target list of schools, such as Wharton, Harvard, Yale, etc...) manage to obtain an interview via networking? I'm thinking of messaging some analysts to try to work my way there for next SA cycle, but want to sort of temper my expectations. Would be a dream job to work with the clients/projects that they're invested in. Go to a Canadian university which places well in BB's both locally and abroad, but no traces of Raine (except an Alumni which works Back Office as an Administrative Assistant IIRC)
Yes, it's been done. Not sure whether they've actually taken on any non-targets as SA though. On a related note, their deal flow seems to have really dropped off a cliff.
Yes, there certainly have been people who have interviewed - they have job postings for schools that may not be on their target schools, but as throwaway_999 mentioned, they rarely take kids from non-targets - most of the time they are from Wharton, Harvard, Yale, Columbia, Stanford, or Berkeley
The Raine Group (Originally Posted: 10/18/2011)
I looked through a couple other forums and didn't find any new information on the The Raine Group. Does anyone know anything about this media boutique that they would be willing to share? Thank you.
Heard they make it Raine. Unconfirmed, but from a legit source. Sorry guys, throw all the poop you want.
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Thoughts on the Raine Group? (Originally Posted: 01/20/2013)
Thoughts? I've already looked at the other threads but could use more insights. Where would you guys rank this firm?
I don't know where to rank them, but I've read up on them a bit and some of their analysts regularly show up on my linkdin suggestions. Looks like a really cool place to work if you're into the media industry.
Fascinating business. But they are not a "2 years and out" type firm. They want you to stick around and move up. Then again, they are one of just a few places where I would want to stay in IB long term.
Ran into a few Raine guys now and then in NY and seems like a cool shop. They're either owned or heavily affiliated with William Morris so they probably get some pretty sick deals. Did some business for the UFC a while back which made me think if I was going to go into banking anywhere... it'd probably be there. They're still growing though from what I know, and one of the guys mentioned that they share a printing room with William Morris corporate offices in NYC, so it's not like they're a huge operation I'm guessing. And again, if the Dodgers deal is any indication, the big deals might still be going to the big boys.
Yeah, I'm really interested in these guys, but couldn't find all that much information. I know they've done some really cool/big deals (Dodgers, softbank/sprint, yahoo/ali baba etc).
The sharing the printing room doesn't seem like it's true because another thread I read actually linked to pictures of their 16,000 sq. foot office: www. acc-construction .com/proje cts/corporate/ the-raine-group/
Can anyone give some insight about their interview process? Also, could anyone clarify Raine's strategy (in terms of them being a merchant bank, offering financial advisory but also having an in-house PE)
Also, does anyone know how many summer analysts these guys take?
They hire FT almost exclusively from summers, and I think they have ~6 analysts. Assuming 3 first year, 3 second year, and 75% offer rate, you would get 4 SAs or so.
I believe they view the merchant banking side as a way to leverage the strengths of their advisory platform. It isn't uncommon for boutique banks to have smaller PE funds within them e.g. Greenhill. It probably also helps them build a presence within the industry, indirectly marketing their banking business. That said, I doubt Joe Ravitch and Jeff Sine need any additional marketing.
This could be true, but if you do a simple linkedin search you'll see some analysts tht worked elsewhere and got in through FT recruitment...i think there was even a GS TMT kid.
Playboy deal, yo.
Anyone have any last insights? About to go into the interview tomorrow
how was it streeteric? how does it compare to a BB interview/do you have to build an lbo model?
Did not have to build an lbo model. It was actually more fit based than most of my other interviews at BB's and definitely other elite boutiques, but there were a couple tricky questions.. most important thing is to show knowledge within the industries they're in imo
thanks for the insight. good luck!
Echo the above comments, show interest in the industries they focus on. From what I've heard this a very much a place where they want you to stick around and not leave after the analyst stint
It's been my dream job for years, but even after reaching out (and getting favorable responses) from most of the office, I still can't get an interview for so much as an internship. They seem really nice.
wonder how they're doing.... one of their partners just jumped to Guggenheim, didn't they?
.
Any updates on Raine in 2018? Haven't heard much about them recently and would like to know a bit more about the firm.
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They were the lead advisor to Sprint on the Sprint/TMobile merger.
I did hear that actually. Should be a good push for their name in the future. Do you anything about recruiting there? Specifically, if they're hiring full time.
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